Article: MTDCap may proceed with project in Chile

Sharen Kaur
New Straits Times
10-13-2008
MTDCap may proceed with project in Chile
Byline: Sharen Kaur
Edition: Main/Lifestyle
Section: Business Times
Type: Company

MTD Capital Bhd (MTDCap), a property and construction concern which also operates tolls, may proceed with a long-delayed US$1 billion (RM3.5 billion) township project in Chile after an arbitration against the Chilean government ruled in its favour.

MTDCap, via its units MTD Equity and MTD Chile S.A., filed a complaint with the International Centre for Arbitration under the auspices of World Bank in Washington in 2001.
Between 1996 and 1997, the two firms invested about US$17.5 million (RM61 million) in the planned real estate ...

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